City Leaders Lay Out Prop B Pension Reform Implementation Plan

That was the message City leaders delivered today following the landslide approval of Proposition B at the ballot box Tuesday. More than 66 percent of voters endorsed the measure, otherwise known as Comprehensive Pension Reform, to eliminate traditional pensions for new employees and replace them with a 401(k)-style plan, similar to the private sector. The measure also ends pension spiking and directs the Mayor to seek a 5-year cap on pensionable compensation.

Kevin Faulconer — City Council President Pro Tem and citizen co-author of initiative — City Attorney Jan Goldsmith and Council President Tony Young laid out a 5 point implementation plan. Goldsmith, who drafted the implementation plan, said litigation is not the answer.